Scandia Foundation Inc
Scandia Foundation Inc is a private foundation, based in St. Paul, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.2M in total assets. In 2024, it awarded 5 grants totaling $380K. Net investment income was $328K.
Scandia Foundation Inc at a glance
In short: Scandia Foundation Inc gave $380K across 5 grants in 2024 (avg $76K), mostly in Minnesota. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $380,000
- +385.9% vs 2023
- Grants made (2024)
- 5
- -37.5% vs 2023
- Average grant
- $76,000
- +677.5% vs 2023
- Median grant
- $15,000
- Total assets
- $2,182,915
- -3.0% vs 2023
- Primary geography
- Minnesota (97% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Scandia Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was State Street Theater ($260K). Together the top 5 received $380K.
Grant Size Distribution
28 grants across all recorded years
The most common grant size was under $50K: 21 grants of 28 (75%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
Cities
How Scandia Foundation Inc gives
- Giving grew 150% from 2021 to 2024. Method
- In 2024 it paid out 422% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $78K (2023) to $380K (2024). In 2024 it made 5 grants totaling $380K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| State Street Theater New ULM, MN | General Support of Organization | $260,000 |
| Creekside Montessori Minneapolis, MN | General Support of Organization | $85,000 |
| New ULM Area Foundation New ULM, MN | General Support of Organization | $15,000 |
| Think New Mexico Santa Fe, NM | General Support of Organization | $10,000 |
| Minnesota Internship Center Minneapolis, MN | General Support of Organization | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $2,182,915 | $329,382 | $384,156 | $380,000 | 5 | $382,784 | $328,010 | $90,786 |
| 2023 | $2,250,281 | $-113,301 | $84,572 | $78,200 | 8 | $81,001 | $14,931 | $98,644 |
| 2022 | $2,702,720 | $-81,427 | $232,679 | $225,000 | 4 | $227,569 | $3,209 | $124,080 |
| 2021 | $2,370,044 | $414,668 | $156,036 | $152,000 | 4 | $154,505 | $413,137 | $105,876 |
| 2020 | $1,987,537 | $35,888 | $188,460 | $181,512 | 7 | — | $34,745 | $83,787 |
Under IRS private-foundation payout rules, Scandia Foundation Inc reported a distributable amount of $91K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Scandia Foundation Inc is led by Thor Mickelson, President & Treasurer on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Thor Mickelson
President & Treasurer
On filings since 2020
2 hrs/week
No compensation reported
Cindi Beth Johnson
Vice President & Secretary
On filings since 2020
2 hrs/week
No compensation reported
Dagni Lee
Vice President
On filings since 2020
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Scandia Foundation Inc
How much does Scandia Foundation Inc give each year?
Scandia Foundation Inc gave $380K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $78K across 8 grants.
What is Scandia Foundation Inc's typical grant size?
Scandia Foundation Inc's median grant in 2024 was $15,000, and its average grant was $76,000, across 5 grants on its 2024 IRS Form 990-PF.
Where does Scandia Foundation Inc give grants?
Scandia Foundation Inc gives mostly in Minnesota: 97% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were New ULM, MN (2 grants) and Minneapolis, MN (2 grants).
Does Scandia Foundation Inc give general operating support?
Yes: 100% of Scandia Foundation Inc's 2024 grants with a stated purpose (5 of 5) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Scandia Foundation Inc's largest grantees?
Scandia Foundation Inc's largest 2024 grantees include State Street Theater ($260,000), Creekside Montessori ($85,000) and New ULM Area Foundation ($15,000), according to its 2024 IRS Form 990-PF. Together they received 95% of its itemized 2024 grant dollars.
How large is Scandia Foundation Inc?
Scandia Foundation Inc reported $2.2M in total assets on its 2024 IRS Form 990-PF. It paid out $383K in qualifying distributions that year, against a required minimum of $91K (roughly 5% of its investment assets).
What is Scandia Foundation Inc's EIN?
Scandia Foundation Inc's EIN (Employer Identification Number) is 85-0378867. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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